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Eurozone growth slows to 0.3% in Q2 from 0.4% in Q1

Growth in the 19-nation eurozone slowed slightly in the second quarter to 0.3 per cent, coming in at the bottom end of analyst forecasts, official data showed Friday.

PHOTO: AFP

[BRUSSELS] Growth in the 19-nation eurozone slowed slightly in the second quarter to 0.3 per cent, coming in at the bottom end of analyst forecasts, official data showed Friday.

The economy had expanded 0.4 per cent in the three months to March, continuing a modest recovery. But recent data has shown inflation and unemployment little changed despite a massive European Central Bank stimulus programme.

Analysts had expected second quarter growth to come in at 0.3-0.4 per cent.